1st Edition

Political Economy of Contemporary Italy
The Economic Crisis and State Intervention



  • Available for pre-order. Item will ship after September 17, 2021
ISBN 9780367544423
September 17, 2021 Forthcoming by Routledge
144 Pages 26 B/W Illustrations

USD $59.95

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Book Description

Drawing on Kaleckian and Kaldorian approaches, Political Economy of Contemporary Italy: The Economic Crisis and State Intervention explores the reasons behind the stagnation of the Italian economy from the 1970s, and suggests policy solutions to ease the crisis.

The central thesis of the book is that from the early 1990s Italy experienced a constant reduction of both private and public investment which, combined with increasing labour precariousness and wage moderation, contributed to the decline of both labour productivity and economic growth. It is argued that lack of industrial policies amplified the problem of the poor macroeconomic performance, since Italian firms – small sized and non-innovating – were incapable of staying competitive on the global scene. Net exports did not compensate for the decline of public spending, private investment and consumption. It is also shown that, in these respects, Italy presents an interesting case-study with wider ramifications for it was involved in the global process of intensifying the neoliberal agenda but at a faster rate than other OECD countries. The book concludes with a call for an alternative economic policy in order to promote innovation, reduce unemployment and stimulate economic growth.

This book marks a significant contribution to the literature on the recent history of the European economy, Italian studies, and the history of economic thought.

Table of Contents

Preface by Guglielmo Forges Davanzati

Introduction

1. Social conflict, union density and the struggle against inflation

2. Labour market flexibilisation and the decentralised bargaining system

3. The effects of the university reforms on the labour market

Conclusions

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Author(s)

Biography

Nicolò Giangrande is an economic researcher at the Giuseppe Di Vittorio Foundation (Italy), professor and director of the Cátedra Barão do Rio Branco at the U:VERSE University Centre (Brazil), and teaching assistant in Political Economy at the University of Salento (Italy).